55 Main St Woonsocket, RI 02895-4312
This exceptional redevelopment opportunity presents a unique chance to acquire The Call Building, a substantial mixed-use property situated at 55 Main St, Woonsocket, Rhode Island, 02895. The 104,000 square foot building, constructed in 1928 and extensively renovated in 2025, boasts a commanding presence on a 1.42-acre lot. Currently vacant, this six-story structure offers 81 units, comprising 73 residential apartments and 8 commercial spaces. The property is zoned C1, providing flexibility for various uses. With ample parking for 20 vehicles, this investment is ideally positioned for significant returns. The sale includes four land parcels (14-336, 14-383, 14-331, and 14E-405), adding to its considerable value. The asking price is $3,450,000, translating to $33.17 per square foot. This is a partially finished project, presenting a unique opportunity for an investor to complete the renovation and capitalize on the high demand for residential and commercial space in this vibrant Rhode Island city. The property's prime location on Main Street ensures high visibility and accessibility. This is a rare chance to acquire a large-scale mixed-use property in a growing market. Don't miss this chance to transform this landmark building into a thriving commercial and residential hub.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
MU2 · Woonsocket, RIWoonsocket. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.